Republican presidential candidate Nikki Haley backed an increase in the retirement age that would be tied to life expectancy as a way to counter rising U.S. government debt a day after her standout performance in the first GOP debate. “We change retirement age to reflect life expectancy instead of cost-of-living...
The U.S. economy is holding up well against difficult economic conditions, a little too well for those with inflation as a primary focus. Boston Fed president Susan Collins says that the resilience of the economy has surprised her and believes there may be “more to do” to bring inflation down...
Should access to digital payments be a right, rather than a privilege? This question has come into sharp focus in recent weeks in the UK after a high-profile dispute between former politician Nigel Farage - a controversial divisive figure in British politics after his high-profile campaigning for Brexit - and...
The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world: Federal Reserve Chair Jerome Powell leads the speaker line-up with a keynote speech on...
An abstract interest-rate metric is dominating discussions across trading desks ahead of the Jackson Hole symposium, with investors wondering if Federal Reserve Chair Jerome Powell will weigh in, and bracing for further declines in US Treasuries if he does. Fidelity International, Jupiter Asset Management and hedge fund Blue Edge...
Technology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists. We see second-half “trouble rather than an era of new AI rules,” strategists led by Michael Hartnett wrote in a note...
A sign advertises COVID-19 (coronavirus) vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, August 14, 2023.Brian Snyder | ReutersThe Centers for Disease Control and Prevention expects updated Covid vaccines from Pfizer, Moderna and Novavax to be available to the public in mid-September, an agency official told reporters Thursday. That...
Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021.Yan Cong | Bloomberg | Getty ImagesMeituan's Hong Kong-listed shares fell more than 5% on Friday after CEO Wang Xing warned of a food delivery slowdown in the next...
Timothee Chalamet stars in Warner Bros.' "Dune."Warner Bros."Dune: Part Two" has departed the 2023 box office slate amid dual Hollywood labor strikes that threaten its ability to market to the public.On Thursday, Warner Bros. Discovery and Legendary Entertainment announced the Denis Villeneuve film would move to March 15, 2024,...